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Q: What happens when there is a break-in-service and the employee returns?

Filing data for 2021 and 2022 shows over 69,00 new participants in ESOPs and a continued pattern of construction industry ESOP growth.

According to the latest data available from the Department of Labor, there were 6,669 ESOPs covering 14.4 million participants and holding close to $1.3 trillion in plan assets as of the end of 2015.

If you have ever been to an NCEO conference or meeting, you may have bumped into Ken Baker, CEO of 100% employee-owned NewAge Industries and a longtime advocate for employee ownership in the United States.

As the chair and immediate past chair of the NCEO’s board of directors, our role is to support the NCEO’s pursuit of its mission to make employee ownership thrive. We are happy to report to members and all stakeholders that the NCEO is continuing to deliver on that mission by investing in its strengths and exploring new ways to support employee-owned companies.

This article is based on a presentation by Dan Markowitz of Boulay LLP and an NCEO board member.

The NCEO is one of the only sources of compensation data focused exclusively on employee stock ownership plans (ESOPs). This year, the NCEO gathered comprehensive data from ESOP companies on both executive compensation and board director compensation, along with board makeup and demographic questions. From August 2023 to September 2023, 383 valid responses were received. All respondents are privately held companies with an ESOP. Most are S corporations (92%) and 86% are 100% ESOP-owned.

A company may decide to terminate its ESOP for a number of reasons.

By Jeremy Huish, Capstone Headwaters